Elevatus Welath Management Reduces Position in Walmart Inc. $WMT

Elevatus Welath Management decreased its holdings in Walmart Inc. (NASDAQ:WMT) by 71.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,060 shares of the retailer’s stock after selling 12,967 shares during the quarter. Elevatus Welath Management’s holdings in Walmart were worth $495,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Access Investment Management LLC purchased a new position in shares of Walmart during the 2nd quarter valued at approximately $26,000. PFS Partners LLC raised its holdings in Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after acquiring an additional 233 shares in the last quarter. Ridgewood Investments LLC boosted its stake in Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after acquiring an additional 115 shares during the last quarter. Livelsberger Financial Advisory acquired a new position in Walmart during the 2nd quarter worth $44,000. Finally, Harbor Asset Planning Inc. acquired a new position in Walmart during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. Cowen reaffirmed a “buy” rating on shares of Walmart in a research report on Tuesday. BTIG Research restated a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Walmart in a research note on Friday, November 21st. The Goldman Sachs Group lifted their target price on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Bank of America upped their price target on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. raised their price objective on Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.31.

Insider Activity

In other Walmart news, SVP David Chojnowski sold 7,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $106.65, for a total transaction of $746,550.00. Following the completion of the transaction, the senior vice president owned 136,289 shares in the company, valued at approximately $14,535,221.85. The trade was a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $104.75, for a total value of $1,374,843.75. Following the transaction, the executive vice president directly owned 879,815 shares in the company, valued at $92,160,621.25. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,013 shares of company stock worth $13,553,747 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Walmart Stock Up 1.0%

Shares of Walmart stock opened at $116.70 on Friday. The stock has a market capitalization of $930.12 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 5.34 and a beta of 0.64. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $116.95. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $106.31 and its 200-day simple moving average is $101.46.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.